At Power Play Sports in Morrisville, Vermont, Caleb Magoon's price gun still spits out labels that end in $.99, but when he goes to the cash register, he has no pennies inside.
"We don't actively go out and get pennies in order to give people the appropriate change," Magoon said.
Starting this month, the sporting goods store is rounding its change to the nearest nickel. It does so in the customer's favor, Magoon said. If you're owed $1.63 from a cash purchase, for example, you will now actually get back $1.65, he explained.
"The most I could possibly lose on any transaction is four cents," Magoon added.
This is his way of suggesting the United States follow Canada's lead, and stop production of the coin. It actually costs the government nearly two and a half times more to produce the penny than it's worth, according to the U.S. Mint's website.
TXT 24
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